Well, today was fun! Asia suffered from the start with heavy selling across the board. Both the Nikkei and HSI closed down almost 4% with Shanghai losing just 1%. Most blamed the IMF down-sizing its growth forecast (from 3.6 to 3.4%) but obviously, the oil price is never far from everyone lips. With WTI closing […]

Goldman Sachs is finally paying a price (money) for the role it played in the 2007 mortgage scandal, but of course, nobody is going to jail, which proves that Goldman remains above the law. The Wall Street firm agreed to only a civil settlement of up to $5 billion with federal prosecutors and regulators arising from its marketing and selling […]

Portugal is starting to bail-in banks. The fascinating aspect that nobody seems to see is that this is a total failure of socialism. The U.S. Federal Reserve was formed in 1913, with the shareholders being the banks, to provide the cash needed to prevent bank failures. To stimulate the economy when the banks could not […]

There was a time when a 2% price swing used to be something to write about! Asia returned a mixed session with the Nikkei (-2.6%) handing back most of yesterday’s gains. The Shanghai (+2%) recovered late in afternoon trading and finally the HSI (-0.56%) was way off of the opening lows. Early data in Japan […]

It has been only a matter of time. The U.S. Treasury will begin tracking high-end real estate to see where the money comes from because many properties are selling for CASH without mortgages. The news release on January 13, 2016, states: The Financial Crimes Enforcement Network (FinCEN) today issued Geographic Targeting Orders (GTO) that will […]

Asia started weak (again), not China, but the Nikkei (-1%) and HSI (-1%). China actually performed better (+2.27%) with dealers quoting the off-shore FX weakness as a consequence. The yuan (off-shore) lost around 1% to close at a low of 6.7315 (a five-year record low). Obviously, North Korea’s claim that it has successfully carried out […]

QUESTION: Marty; I am curious what you thought of the Big Short especially since you are the one who got the timing right to the day. In markets, I do not have to tell you that being too early is more dangerous than being too late. Since that fateful day on the floor when the […]

Nemesis & Justice in Pursuit QUESTION: Mr. Armstrong, I wanted to thank you for the conference in Berlin. It was my first time attending. I cannot wait for the DVD. You gave so much information, I think I will have to watch the DVD several times. I can see the debt crisis here in Europe […]

Nemesis & Justice in Pursuit QUESTION: Mr. Armstrong, I wanted to thank you for the conference in Berlin. It was my first time attending. I cannot wait for the DVD. You gave so much information, I think I will have to watch the DVD several times. I can see the debt crisis here in Europe […]

QUESTION: Greetings Elections were always the same dates, why is it that we’ve only started discussing them in the last week? Regards, JCL ANSWER: It is not just the USA this time, it is France and Germany, plus the referendum vote on Britain leaving the EU. All of this will bring a lot of uncertainty to Europe which […]